By W. Nester
This article analyzes US-Japan kin amidst the altering nature of energy and diplomacy. Chapters discover the relative successes and shortcomings of yankee liberalism and eastern neomercantilism, the bilateral alternate duels over finance, excessive know-how and agriculture, and the prices and advantages of international funding and army spending. The e-book concludes with feedback for a systemic and radical overhaul of yankee guidelines towards itself, the worldwide financial system, and Japan. William R. Nester has additionally written "Japan's growing to be strength Over East Asia and the area Economy", "The Foundations of jap Power", "Japanese business Targeting", and "Japan and the 3rd World".
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Additional info for American Power, the New World Order and the Japanese Challenge
American hegemony begins with the passage of the 1934 Reciprocal T r a d e Agreements Act which authorized the President to negotiate free trade treaties with other nations. Although the White House signed 34 bilateral trade agreements between 1934 and 1945, its most important action was to sponsor the international conference attended by 44 nations at Bretton Woods, New Hampshire in 1944. T h e conference's objective was to create international organizations which would revive and m a n a g e the global political economy and prevent the beggar thy neighbor policies which collapsed world trade in the 1930s.
Why do most states follow the hegemon's policies most of the time? Like any other assertion of power, the hegemon bends other states to its will through a combination of coercion and persuasion. T h e hegemon's ability either to reward or deny another state markets, aid, investments, finance, technology, a n d / o r military assistance are key elements of command. But perhaps the most important ingredient of hegemonic power is the hegemon's ability to create and impose an ideology on the global political economy which justifies and explains the system, and elicits other states' compliance.
In a hegemonic system, power is primarily consensual - the hegemon must convince others that every state t h a t participates in the system will benefit. 34 Gilpin dismisses the claims that any hegemons bestrode the global political economy before the 19th century. 5 Until then the great powers carved out empires for their largely exclusive reserve, and any trade between them was limited by mercantilist policies whereby each state attempted to maximize exports and minimize imports. Thus, there was not one unified global political economy but as many systems as there were great powers.
American Power, the New World Order and the Japanese Challenge by W. Nester